SBI Magnum Taxgain Direct Plan Growth-0.62%

2Groww
7.82%
1 Year Return
Equity
ELSS
2.0 star
6M
1Y
3Y
5Y
All

Fund Details

SBI Magnum Taxgain Direct Plan Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio1.33%
NAV149.11 (08 Nov 2019)
Fund Started01 Jan 2013
Fund Size7,358 Cr

Returns

1Y
3Y*
5Y*
Since inception*
SBI Magnum Taxgain Direct Plan Growth
7.8%
7.2%
7.0%
12.2%
Category Average
-6.3%
6.2%
9.9%
-
Rank within category
24
31
25
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 7.8% annual returns

    Comparison

    Data not available
    Pros
    1. Risk is lower compared to the benchmark
    2. 1Y Returns are higher than the benchmark
    3. Exit load is zero
    Cons
    1. Risk-adjusted returns are lower compared to the category
    2. 3Y Returns are lower than the benchmark
    3. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity7.0%
    ICICI Bank Ltd.FinancialEquity6.3%
    Axis Bank Ltd.FinancialEquity5.3%
    ICICI Prudential Life Insurance Company Ltd.FinancialEquity5.1%
    Reliance Industries Ltd.EnergyEquity4.7%
    Housing Development Finance Corpn. Ltd.FinancialEquity4.7%
    Larsen & Toubro Ltd.ConstructionEquity4.4%
    ITC Ltd.FMCGEquity3.4%
    Infosys Ltd.TechnologyEquity3.2%
    State Bank of IndiaFinancialEquity3.1%
    See All

    Other Details

    SBI Magnum Taxgain Direct Plan Growth is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Dinesh Balachandran is the Current Fund Manager of SBI Magnum Taxgain Direct Plan Growth.The fund currently has an Asset Under Management(AUM) of ₹7,358 Cr and the Latest NAV as of 08 Nov 2019 is ₹149.11.

    The SBI Magnum Taxgain Direct Plan Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Nil.

    Investment Objective

    The prime objective of scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering tax rebate on such investments made in the scheme under section 80 C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus.

    Tax Implications

    Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.

    Scheme Information Document(SID)

    ₹500
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    About SBI Mutual Fund

    Address
    9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051
    Phone
    022 - 61793000
    Launch Date
    28 Jun 1987
    SBI Mutual Fund
    Asset Management Company
    Custodian
    Stock Holding Corp. of India Ltd.
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
    Invest Now
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